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Monday, 21 December 2015

With the price hikes
around the world, the average cost
of living has also risen in most of the regions across earth. Though the
changes in cost
of living are different from each region to the next depending on the economic
condition and overall stability of the region, change or increase is constant
from region to region. Different
countries try different methods to increase cost
of living as little as possible and allow relief to the people or citizens
of the regions or countries. Their efforts are not however always rewarding as
residents of many countries have to deal with huge price hikes in the cost
of living. That doesn’t seem to be the case in the Kingdom of Saudi Arabia
which has kept the increases down to a minimum.

The cost of water, gas,
electricity and housing as well as the other energy resources has risen by 4.4
percent in the past month of November 2015 in comparison to the same month of
November in 2014. This statement has been made in accordance to a report which
is issued on a monthly basis by the Central Department of Statistics and
Information, which has also shown a rise amongst 11 main areas on the cost
living index, which includes an increase of 5.1 percent in shoes and clothing
and a rise of 5.4 percent in the education expenses. Health costs have risen by
2.5 percent, transportation has risen by 2.3 percent, household maintenance and
furniture has risen by 2 percent, culture and recreation has risen by 1.9
percent, miscellaneous services and goods have risen by 1.8 percent, tobacco
price has risen by 1.5 percent and beverages and food costs have risen by 0.8
percent and telecommunication costs have seen an increase of around 0.6
percent.

In the Kingdom of Saudi
Arabia, the general cost
of living index has risen by 0.1 percent in November, in comparison to
October of the same year. This monthly report has also indicated that the index
has increased from around 134.3 points in October of 2015 to 134.4 points in
November of 2015. In November of 2014, the index points were at 131.4 points,
hence it is indicating that a monthly increase of 0.1 percent and an
accumulated 2.3 percent annually.

The report has also
correlated the monthly increase in the index of cost
of living index to the monthly increases in costs of around six main areas,
which are shoes and clothing by 1.1 percent, miscellaneous services and goods
by 0.9 percent, household maintenance and furniture by 0.5 percent, culture and
recreation by 0.4 percent, health costs by 0.3 percent and housing, gas,
electricity, water and other energy costs by 0.1 percent.

Four of the main areas of
the cost
of living index saw a decline rather than an incline. These are the areas
of telecommunications by 0.6 percent, transportation by 0.2 percent, drinks and
food by 0.1 percent and hotels and restaurants by 0.1 percent. The areas of
education and tobacco have remained the same.